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Central Government to move Supreme Court in Nokia case

The Income Tax department may appeal with the Supreme Court soon and try to stop the transfer of Nokia’s Chennai plant’s assets to Microsoft. This transfer of the plant is part of to the $7.2 billion contract entered into in September 2013.

The IT Department fears that it won’t be able to recover the dues of over Rs 21,000 crores if the Microsoft-Nokia deal is consummated

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